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United Power Co (MUS:UECS) Momentum Rank : 0 (As of Jun. 25, 2024)


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What is United Power Co Momentum Rank?

United Power Co has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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United Power Co (MUS:UECS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » United Power Co (MUS:UECS) » Definitions » Momentum Rank
Comparable Companies
SHSE:600900 HKSE:01816 BOM:532555 HKSE:00006 VST SHSE:600011 SHSE:601985 NRG SHSE:600886 SHSE:600023 SHSE:600674 HKSE:00836 BOG:GEB SHSE:601991 BKK:EGCO BKK:BGRIM TERP SHSE:600578 NZSE:CEN MIC:UPRO
Traded in Other Exchanges
N/A
Address
Jawharat Al Shatti, P.O. Box 147, Muscat, OMN, 134
Website
http://www.upcmanah.com
United Power Co Formerly United Power builds, owns and operates a power station at Mannah and interconnection and transmission facilities. The Manah Power Station operates on Dispatch Orders from Oman Power and Water Procurement Company (OPWP) and all the net energy from the Manah Power Station is sold to OPWP, which is responsible for all power purchase in Oman.

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